💱 1. Current price and market performance
- Current price: $UNI
- $8.41 (up +2.89% over 24 hours).
- Daily trading range: between $8.02 and $8.61, targeting resistance at $8.70 (highest level in 3 months).
- Recent performance:
- A +25.5% increase over 7 days, outperforming the overall market (+5.10%).
- Trading volume:
- $1.017 billion in 24 hours, slightly down (-1.20%) from the previous day.
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📈 2. Key technical indicators
- Moving averages:
- "Strong buy" signal in the short term (10-50 day exponential and simple moving averages).
- Price above 20, 50, and 200 day moving averages, confirming the upward trend.
- Oscillators:
- Neutral to positive "buy" signal, especially in indicators like RSI and Stochastic RSI.
- Positive momentum supported by high trading volume.
- Support and resistance levels:
- Strong support: at $8.02 (today's low) and $7.28 (weekly).
- Major resistance: at $8.70, breaking it may push the price towards $9.50.
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🌐 3. Influencing factors and recent news
- Impact of "Paul Atkins" (SEC commissioner) statements:
- His support for balanced regulation of the DeFi sector has led to a collective rise in decentralized finance tokens, including UNI (+26% in the previous session).
- Upcoming economic events:
- Release of US Consumer Price Index (CPI) data today, which may cause market volatility.
- Internal factors:
- Growth of Total Value Locked (TVL) in Uniswap protocol to $5.35 billion, boosting investor confidence.
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💎 Summary: Trading recommendations for June 11
- Buying at support:
- Entry at $8.10–$8.30 with a short-term target at $8.70.
- Risk management:
- Stop-loss set at $7.95 to protect capital.
- News monitoring:
- Tracking US CPI data and regulatory statements.
